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DAMSON ENERGY CLASS A LIQUIDATING CASH DISTRIBUTION

 DAMSON ENERGY CLASS A LIQUIDATING CASH DISTRIBUTION
 NEW YORK, Nov. 27 /PRNewswire/ -- Erath Management Corporation, a


wholly owned subsidiary of Damson Energy A, L.P. ("DEA") as liquidator of DEA and Damson Energy Company, L.P. ("Damson Energy") today announced that a final liquidating cash distribution of $.0525 per Damson Energy Class A unit will be paid Dec. 20, 1991 to holders of record on Dec. 16, 1991. Damson Oil Corporation ("Damson Oil") will receive approximately $19,000 for its approximate 1.99 percent aggregate general partner interests in Damson Energy and DEA. These final liquidating cash distributions will complete the dissolution and liquidation of Damson Energy and DEA.
 In February 1991, Damson Energy and DEA sold substantially all of their assets to Parker & Parsley Petroleum Company ("Parker & Parsley"). In connection with the transaction with Parker & Parsley, Damson Energy made an initial liquidating distribution to the Damson Energy Class A unitholders of $.76 in cash and .1403 shares of Parker & Parsley common stock for each Class A unit. There are 17,689,735 Class A units outstanding.
 After the closing of the February 1991 transaction with Parker & Parsley, the South Erath Prospect was the only remaining operating asset of Damson Energy and DEA. On Oct. 11, 1991, Damson Oil announced that the drilling of the BGEA No. 1 Hulin Well on the South Erath Prospect had been terminated without discovery of hydrocarbons in commercial quantities and that the well was plugged.
 Final tax information for the calender year ending Dec. 31, 1991 will be mailed by Parker & Parsley during the first quarter of 1992 for holders of Damson Energy Class A Units as well as all other Damson Oil limited partnerships previously dissolved and liquidated as a result of the February 1991 transaction with Parker & Parsley.
 -0- 11/27/91
 /CONTACT: Damson Oil Investor Services, 212-503-8700/ CO: Damson Oil Corporation; Damson Energy Company, L.P. ST: New York IN: OIL SU: DIV


KD-JT -- NY050 -- 7879 11/27/91 16:36 EST
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Date:Nov 27, 1991
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